Buyer secures two beach shacks in Cairns for under the metro average price

A two-for-one property deal in Far North Queensland offers an instant rental stream.

Two beach shacks at 30A + B David Street in the Cairns suburb of Machans Beach, which consist of a main cottage and granny flat, sold for $580,000 on September 7, via Allana May of Allana May Real Estate.

The properties – a main four-bedroom, three-bathroom cottage, and a self-contained granny flat at the rear – are currently being rented out at $500 and $250 per week.

The deal has also potentially saved the buyer hundreds of thousands in comparison to the average price of a Brisbane home. Domain’s House Price Report for the June 2023 quarter reveals the median price for a home in the Queensland capital is $823,272.

30A & B David Street, Machans Beach QLD 4878

Listing photos reveal a light-filled aesthetic for the main residence with high ceilings, whitewashed walls and timber floors.

The floorplan allows for three bedrooms with one en suite, a main bathroom, separate toilet and small yard.

There is also an outdoor bathtub on the back deck, a trend now seen in luxury properties on the market.

As stated on the listing, the main residence is being rented out at $500 per week.

The charming granny flat is accessible via a private walkway in the backyard.

There is a front porch to kick back and relax, and the floorplan allows for a retro-style kitchen, an open-plan living area and a bedroom alcove.

The granny flat, with its beamed ceilings and bold pops of colour, is being rented out at $250 per week.

Machans Beach is the closest beach to Cairns City and is a 10-minute drive to the CBD.

There are not enough sales over the past 12 months for Domain to obtain a median house price for the area.

Article source: Queensland Property Investor